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Australian Economy Faces Slowdown Challenges
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Australia's economy faces a slowdown amid concerns of a hard landing, driven by rising interest rates and living costs impacting consumer confidence. Although the economy grew slightly in Q4, fears of a contraction loom due to factors like unemployment rate increases.
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How might potential interest rate hikes further impact Australia's economy and its key sectors?
In what ways could the slowdown in Australia's economy affect global commodity markets and trade relationships?
What strategies could the government implement to boost consumer confidence amidst rising living costs?
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